24 March 2013 22:37 [Source: ICIS news]
SAN ANTONIO (ICIS)--Customers of AkzoNobel’s chemicals in the US are being buoyed by the shale revolution, head of the Netherlands-headquartered company's functional chemicals business unit said on Sunday.
“Shale is revitalising our business in North America,” president of AkzoNobel Functional Chemicals, Jan Svard said.
The cost situation and growth outlook had reversed within five years, he added, while speaking on the on the sidelines of the 2013 American Fuel & Petrochemical Manufacturers (AFPM) International Petrochemical (IPC) meeting.
The competitive position of North America customers for AkzoNobel’s broad portfolio of chemical products is changing for the better, Svard said, with utility and other costs coming down.
He cited the North American polyvinyl chloride (PVC) business, which until recently was facing a difficult future but had been revitalised by shale.
The company has an organic peroxide initiator and a continuous dosing process which can substantially increase batch production yield and is attracting interest in North America, he said, because of renewed optimism in the industry.
AkzoNobel makes the peroxide in Pasadena, Texas and is “looking at getting more from the plant,” Svard said without giving details.
It agreed last year to sell its first Continuous Initiator Dosing (CiD) technology to Mexichem Resinas Vinilicas for use in three of that company’s plants.
Svard said that business in North America for AkzoNobel’s three other chemicals business units is improving because of shale. The company also makes pulp and performance, industrial and performance chemicals.
The IPC takes place from Sunday through Tuesday.
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